IRS REPORTS 2004 ENFORCEMENT COLLECTIONS UP 15%, TO $43 BILLION
November 22, 2004
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WASHINGTON – The Internal Revenue Service reported Thursday a jump in audits and taxes collected through its enforcement programs in the 2004 fiscal year, with a record $43.1 billion in enforcement revenue brought in, up 15% from the preceding year.
The numbers reflect a 40% increase in audits of high-income taxpayers for the 2004 fiscal year, which ended Sept. 30. Audits of large businesses with more than $10 million in assets jumped to 17% of all companies in this category in the 2004 fiscal year, up from 12% the year earlier.
“The centerpiece of our enforcement efforts continues to be on high income individuals and corporations,” Internal Revenue Service Commissioner Mark Everson told reporters.
Dow Jones Newswires
